Perhaps late to the game, Grammy-nominated musician, Akon, is now joining the cryptocurrency hype. Rather than purchasing and investing in the block-chain trade, he is in fact creating his own currency, named Akoin. In a bid to improve conditions in Africa, Akon announced his newest venture during a panel at the Cannes Lions Festival.
Having founded Konfidence Foundation in 2007, a charity for underprivileged children in Africa, as well as initiating the Lighting Africa project in 2014, bringing electricity to millions of households in Africa with solar energy, his philanthropic efforts have been recognised by many, including the UN and has also gone on to receive rewards.
Of Senegalese descent, the entrepreneur and entertainer first rose to fame in 2004, following the release of his first single, Locked-up, from his debut album, Trouble. However, with a more recent focus on helping others, the project will also include a “100 percent crypto-centric city” in Senegal, known as Akon Crypto City. Said to be a “real-life Wakanda”, the Crypto City aims to revolutionize daily business and human exchanges, as Akon believes ” blockchain and crypto could be the savior for Africa”.
We use cookies to enhance and personalize your experience, and to analyze traffic on our website. For more information, see our Cookie Policy. ACCEPT
Privacy & Cookies Policy
Privacy Overview
This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.